Read more about First Mover: What China Crackdown Means for $18K Bitcoin as Dimon Passes on Tea; China Bank Wants to Raise $3 Billion with Bitcoin’s Help Submitted by Anonymous (not verified) on Wed, 11/18/ - Bitcoin trading has taken China, the world’s second largest economy, by storm as Goldman Sachs reported that 80% of the industry trading volumes are in renminbi. After all, an increasing share of the Chinese middle class is pursuing alternative investments, apart from property and equities. Oct 23, · For example, if China suddenly decides to ban Bitcoin, this analysis will predict a probable price drop. Technical analysis. Tries to predict the price by studying market statistics, such as past price movements and trading volumes. It tries to identify patterns and trends in the price, and based on these deduce what will happen to the price in.
Bitcoin traders in chinaThe Rise of Bitcoin Trading in China
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Namespaces Article Talk. Views Read View source View history. Help Learn to edit Community portal Recent changes Upload file. Download as PDF Printable version. European Union. Illegal On 20 November the exchange office issued a public statement in which it declared, "The Office des Changes wishes to inform the general public that the transactions via virtual currencies constitute an infringement of the exchange regulations, liable to penalties and fines provided for by [existing laws] in force.
Legal As of 17 January , The Central Bank of Nigeria CBN has passed a circular to inform all Nigerian banks that bank transactions in bitcoin and other virtual currencies have been banned in Nigeria. Legal The Financial Services Commission of Mauritius considers cryptocurrencies to be regulated as a Digital Asset under the Financial Services Act , and while it cautions investors they are not protected by any statutory compensation agreements, they are legal.
Legal While government officials have advised against the use of Bitcoin, there is no legislation against it and it remains fully legal.
South Africa. Legal In September the Bank of Namibia issued a position paper on virtual currencies entitled  wherein it declared cryptocurrency exchanges are not allowed and cryptocurrency cannot be accepted as payment for goods and services. Legal The Reserve Bank Of Zimbabwe is sceptical about bitcoin and has not officially permitted its use. United States. Legal The U. Legal Bitcoin is legal in Mexico as of Legal News reports indicate that bitcoins are being used in the country.
Costa Rica. Legal The Costa Rican Central Bank announced that bitcoin and cryptocurrencies are not considered currencies, and are not backed by the government nor laws. Legal The Bank of Jamaica BoJ , the national Central Bank, has publicly declared that it must create opportunities for the exploitation of technologies including cryptocurrencies. Trinidad and Tobago. Legal Legal. Legal Bitcoins may be considered money, but not legal currency.
Illegal Absolute ban. Legal Not regulated, according to a statement by the Central Bank of Brazil concerning cryptocurrencies, but is discouraged because of operational risks.
Legal There is no regulation on the use of bitcoins. Illegal The Ecuadorian government has issued a ban on bitcoin and other digital currencies.
Legal Bitcoin is considered a commodity,  not a security or currency under the laws of the Kyrgyz Republic and may be legally mined, bought, sold and traded on a local commodity exchange. Legal On 2 September , a decree legalizing crypto trading — also making it tax-free — and mining in the country came into force, making Uzbekistan a crypto-friendly state. Legal The use of bitcoins is not regulated in Cyprus.
United Arab Emirates.